NEW YORK, Jan 29 (Reuters) - Top toy company Mattel Inc reported a higher profit for the holiday quarter on strong demand for its Fashionista Barbie dolls and Hot Wheels cars.
The company, which recently gave its 50-year-old iconic product Barbie a facelift, said fourth-quarter net income rose to $328.4 million, or 89 cents a share, from $176.4 million, or 49 cents a share, a year earlier.
Net sales rose 1 percent to $1.96 billion.
(Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)
((dhanya.skariachan @thomsonreuters.com; + 1 646 223 6191; Reuters Messaging:dhanya.skariachan.reuters.com@reuters.net;)) Keywords: MATTEL/ (See http://blogs.reuters.com/shop-talk/ for Shop Talk -- Reuters' retail and consumer blog.) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The company, which recently gave its 50-year-old iconic product Barbie a facelift, said fourth-quarter net income rose to $328.4 million, or 89 cents a share, from $176.4 million, or 49 cents a share, a year earlier.
Net sales rose 1 percent to $1.96 billion.
(Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)
((dhanya.skariachan @thomsonreuters.com; + 1 646 223 6191; Reuters Messaging:dhanya.skariachan.reuters.com@reuters.net;)) Keywords: MATTEL/ (See http://blogs.reuters.com/shop-talk/ for Shop Talk -- Reuters' retail and consumer blog.) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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